20-08-2024 11:57 AM | Source: Religare Broking
Stock of the day : Hindalco Industries Ltd For Target Rs. 695 - Religare Broking

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Hindalco Industries Ltd

* We are seeing recovery in metal space and HINDALCO is offering a fresh buying opportunity .

* It has rebounded higher taking support of its previous resistance zone while reclaiming its 20 week EMA.

* Following the price action and placement of momentum indicator, the price seems to resume its prior uptrend.

* Thus, traders can consider longs in the mentioned range

 

Buy Hindalco Industries Ltd CMP 658.85 Range 657-659 SL 640 Target 695

 

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